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Hotel-Motel

Downtown Macon High-Rise Hotel

108 1st St, Macon, GA 31201

Listing Price: Request For Offer

Number of Rooms
298
RevPAR
$62
Gross SF
98,446
Year Built
1970

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 298-room former Full-Service Hilton Hotel located at 108 1st Street in Downtown Macon, Georgia. The Hotel was in the process of being fully renovated to open as a Wyndham, but the renovations were not completed. It features a 16-story concrete and steel structure with extensive common areas built in 1970. The property is located in the core of Downtown Macon but also proximate to major local thoroughfares, providing ease of access for commerce and tourism. The 108 1st Street Hotel provides the opportunity for a new owner to acquire a partially renovated hotel in a CBD location at a steep discount to replacement cost or pursue other adaptive reuse options. A new owner will also be afforded the opportunity to lease restaurant and retail space at street level as well as explore the potential to convert upper floors into condominiums.

Investment Highlights

  • Receivership Sale (Lender-Driven)
  • Demand Studies Show Need for Both Hotel Rooms and Multifamily Units in the Downtown CBD Market - Located in the Deal Room
  • Property is Zoned CBD-1, Flexibility to Complete Upper Floors as Multifamily Units
  • Architectural Renovation Drawings Located in the Deal Room
  • 16th Floor has Four Penthouse Suites with Balconies Overlooking Macon and the Ocmulgee River
  • Four Elevators
  • Two Restaurant Spaces with Commercial Kitchen
  • Separate Bar Venue

Exclusively Listed By

  • Robert S. Hunter

    Senior Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

  • McLean Hicklin

    First Vice President Investments

    (864) 626-3163

    Email McLean

    License(s): SC: 96287, NC: LC 740, AL: 000149965-0

    Columbia

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Hotel-Motel

Downtown Macon High-Rise Hotel

Listing Price: Request For Offer

Number of Rooms
298
RevPAR
$62
Gross SF
98,446
Year Built
1970

Investment Highlights

  • Receivership Sale (Lender-Driven)
  • Demand Studies Show Need for Both Hotel Rooms and Multifamily Units in the Downtown CBD Market - Located in the Deal Room
  • Property is Zoned CBD-1, Flexibility to Complete Upper Floors as Multifamily Units
  • Architectural Renovation Drawings Located in the Deal Room
  • 16th Floor has Four Penthouse Suites with Balconies Overlooking Macon and the Ocmulgee River
  • Four Elevators
  • Two Restaurant Spaces with Commercial Kitchen
  • Separate Bar Venue

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 298-room former Full-Service Hilton Hotel located at 108 1st Street in Downtown Macon, Georgia. The Hotel was in the process of being fully renovated to open as a Wyndham, but the renovations were not completed. It features a 16-story concrete and steel structure with extensive common areas built in 1970. The property is located in the core of Downtown Macon but also proximate to major local thoroughfares, providing ease of access for commerce and tourism. The 108 1st Street Hotel provides the opportunity for a new owner to acquire a partially renovated hotel in a CBD location at a steep discount to replacement cost or pursue other adaptive reuse options. A new owner will also be afforded the opportunity to lease restaurant and retail space at street level as well as explore the potential to convert upper floors into condominiums.

Exclusively Listed By

  • Robert S. Hunter

    Senior Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

  • McLean Hicklin

    First Vice President Investments

    (864) 626-3163

    Email McLean

    License(s): SC: 96287, NC: LC 740, AL: 000149965-0

    Columbia

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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